June 24, 2011
Back Around The Cape (Horn Lofts Penthouse)
As we wrote about the Cape Horn Lofts building at 540 Delancey last year:
It was sixteen condos before units #402 and #403 were combined to form a 2,900 square foot unit with over 1,000 square feet of outdoor space. In contract (and so noted) at the time we profiled #401, 540 Delancey #402/3 sold for $3,100,000 in October 2008.
Listed for $3,295,000 at the end of 2009, and then for $2,995,000 last June, the Cape Horn penthouse unit known as #402/403 is back on the market and asking $2,899,000.
∙ Listing: 540 Delancey #402/403 (2/4) - $2,899,000 [MLS] [540delanceypenthouse.com]
∙ 540 Delancey #402/403 Comes Back Around (At) The Cape Horn [SocketSite]
∙ Cape Horn Lofts (540 Delancey) In General, And #401 In Specific [SocketSite]
First Published: June 24, 2011 9:00 AM
Comments from "Plugged In" Readers
Wasn't there some litigation with the developer of this building that finally was resolved recently?
Posted by: Willow at June 24, 2011 2:35 PM
$2.8MM for this? You have got to be kidding. In SF, if you can't do better than this building, I would strongly suggest you keep looking, and tell your broker same...ughhhh!
Posted by: vinny at June 24, 2011 5:42 PM
Oops, I meant $2.9MM - excuse em moi, ahemmm
Posted by: vinny at June 24, 2011 5:48 PM
I like this building quite a bit. I haven't been in this particular unit, but the price seems too high compared to its comps. I'm guessing it sells for about $2.1-2.2M.
Posted by: Dan Clark at June 24, 2011 6:45 PM
A very nice property, but overpriced.
Posted by: Mark F. at June 25, 2011 7:26 PM
Well, I have to say I'm a little surprized. As much as I love the building and the South Beach area, I didn't think if would go for more than the asking price.
Sold on 08/23/2011 for $3M.
[Editor's Note: The Penthouse Atop 540 Delancey Completes Its Two Year Trip.]
Posted by: loftlover at August 24, 2011 11:48 AM